The startling revelation of yet another subsidy for the richest team in baseball is buried deep in the fine print of a $237 million tax-exempt bond offering that city officials quietly issued the week before Christmas.

The documents say a $70 million state subsidy for parking improvements for the new Yankee Stadium (slated to open next year) has been earmarked for a new 660-car valet parking garage where virtually all the spaces will be reserved for the free, year-round use of the Yankees and their VIPs.

Yankee fans can expect to pay a whopping $29 for stadium parking during home games starting in 2010 - more than twice last year's $14 rate.

The projected hikes were revealed in the fine print of a $237 million Wall Street bond offering that the city Industrial Development Agency issued two weeks ago to finance the creation and refurbishing of nearly 9,000 parking spaces for the new stadium.

The basic game-day parking rates will jump to $17 this year, then to $19 next year, when the new $1 billion Yankee Stadium is slated to open.

The rates would then zoom to $29 in 2010 and would increase to $35 by 2014, according to a parking feasibility study that accompanies the bond documents.

Let's not forget that this city council voted almost unanimously for this project, with these perks in it and that the Bronx Borough President, who now seeks a citywide office, pushed really hard for it, even going so far as to remove CB members if they didn't vote in favor of it.

The important thing to remember: Bloomberg actually believes that we the people owe it to him and his ilk to accommodate all their needs. Don't forget what one former Bloomberg employee said that Bloomberg told her to "kill it", referring to her baby, when he learned that she was pregnant. He believed that this baby was going to interfere with his money-making.

If there is any such thing as an intelligent attorney, I'm certain that he/she could make a bulletproof case that if we the people pay for something, then it's ours to use without further cost - just like public parks, buildings, tax forms, and ballot boxes.

Politicians in New York - Bloomberg first among them - believe this. When a developer pays for any politician, the developer owns that politician.

The same principle should apply to all the things that we the people pay for.

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